The data is based on financial results of 2,931 listed non-government non-financial companies.

All three sectors - manufacturing, services other than IT and IT - exhibited lower sales growth.

EBITDA margin declined for manufacturing and services other than IT sectors. Some improvement was noticed for the IT sector.

Interest expenses as percentage of sales increased across all sectors and size classes.

Small companies (sales up to Rs.1 billion) witnessed a persistent contraction of sales since 2008-09 and rates of contraction worsened over the years. Sales of large companies also moderated sharply in 2012-13, the report said.